The global market size of soda
ash segment was worth USD 28994.2 Mn in 2016 and it is projected to reach USD
43309.6 Mn in 2023, it is expected to grow at a CAGR of 6.0 % over the period
of 2017 to 2023. In terms of volume, the market size of soda ash is projected
to grow from 53872.5 kilo tones in 2016 to 66742.0 kilo tons in 2023. The
market size in terms of volume is projected to expand at a CAGR of 3.1 % over
the period of 2017 to 2023.

Soda ash or sodium bicarbonate is
a stable, odorless, white powder. Soda ash is an alkali obtained by refining
mineral trona, brines of sodium bicarbonate available naturally or nahcolite
mineral. Synthetic soda ash is manufactured by Solvay process with limestone
and salt as raw materials. Dense soda ash, light soda ash and washing soda are
the three primary grades of soda ash available in the market. Although these
grades possess same chemical properties, they are differing from each other in
terms of bulk density, particle size as well as shape. Soda ash finds its major
application in glass manufacturing industry for the production of glasses for
automotive industries, commercial buildings, containers housing and insulation.
Soda ash has significance in metallurgical processes of removing calcium,
phosphorous and sulphur from certain ferrous as well as nonferrous ores.
Moreover, it is widely used in the recycling processes of aluminium and zinc.
Due to its high solubility, it finds applications in various chemical industries
for manufacturing products, such as coloring agents, dyes, fertilizers,
synthetic detergents as a raw material. In industries such as enameling and
petroleum, soda ash has importance as a chemical agent. Soda ash has useful
environmental applications such as improving the alkalinity of those lakes that
are affected by acid rain and in reducing the acid presence in the emissions
from power plants.

The demand for glass in the
construction sector in Asia-Pacific is expected to fuel the growth global soda
ash market during the forecast period. Fluctuation in energy prices is one the
of key restraining factors which is likely to adversely impact the growth of
the soda ash manufacturing industry, as it consumes lot of energy. The change
in the economic models in the soda ash production industry is expected to drive
the market towards transformation. The soda ash alternatives such as caustic
soda, sodium silicate and some others are expected to pose serious threat to
soda ash, during the forecast period.

Figure 1: Global Soda Ash Market by Value, 2015-2023

Segments Covered:

The report segments the global
soda ash market by application and region. On the basis of application, the
market is segmented as chemicals, glass, detergents and soaps, metallurgy,
petroleum, pulp and paper, water treatment and others.

Geographic Coverage and Analysis:

The report provides regional
analysis covering geographies such as North America, Europe, Asia-Pacific, and
Rest of the World. Asia-Pacific region is the largest soda ash market in the
world. China accounts for major market share of soda ash production in
Asia-Pacific due to the presence of large number of manufacturers and most of
them have adopted Solvay process for producing soda ash. China is the leading
synthetic soda ash manufacturing country in the world.

Figure 2: Global Soda Ash Market by Region, CAGR %, 2017-2023

The natural soda ash reserves
found in Turkey gives them the potential to become a major soda ash producing
nation in the region. Europe is the second largest soda ash market in the
world. The use of soda ash in water treatment as well as desulfurization of
flue gas drives the European market. The increase in demand for household
detergents is expected to drive the European market during the forecast period.
North American region has second largest production capacity in the world, as
USA has the largest natural soda ash resources in the world. American Soda ash
is mainly manufactured by natural process and it has the potential to be
competitive to synthetic soda ash due to its lesser price. The major players in
the global soda ash market are opting expansion of the manufacturing facilities
and mergers and acquisitions in new markets for growth. Using cost effective
energy sources and adopting environmental friendly technologies for existing
facilities are expected to be the major challenges for the major players in the
market. The increasing requirement of enhanced oil recovery, owing to the
governments’ energy policies that mandate conservation, advancement in
technologies and varying fuel prices globally are expected to provide
opportunities for major players in the soda ash market during the forecast
period.

The report provides deep insights
on demand forecasts, market trends and micro and macro indicators. In addition,
this report provides insights on the factors that are driving and restraining
the demand of soda ash globally as well as regionally. Moreover, IGR-Growth
Matrix analysis given in the report brings an insight on the investment areas
that existing or new market players can consider. The report provides insights
into the market using analytical tools such as Porter’s five forces analysis
and value chain analysis of soda ash.

Moreover, the study highlights
current market trends and provides forecast from 2017 to 2023. We also have
highlighted future trends in the soda ash market that will impact the demand
during the forecast period. Moreover, the competitive analysis given in each
regional market brings an insight on the market share of the leading players.
Additionally, the analysis highlights rise and fall in the market shares of the
key players in the market. This report will help manufacturers, suppliers and
distributors of the soda ash market to understand the present and future trends
in this market and formulate their strategies accordingly.

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